Reduced tax burden for Italian employers
22 December 2014
The Italian government are to cancel a tax provision which has been criticised for penalising businesses who employ large numbers of workers.
Thanks to the Federation of International Employers for their report of the announcement by the Italian Minister of Economy, Pier Carlo Padoan. The Minister has publicly confirmed that the Italian government will cancel, as of 1 January 2015, the part of IRAP (the regional tax on production) which is calculated on the labour costs of permanent employment. It is estimated that this will reduce the tax burden on businesses employing a large number of workers by 30%.